SNC-Lavalin Proposed Offering of Debentures due 2010
MONTREAL, CANADA--AUGUST 28, 2000 - 11:25 EDT
SNC-Lavalin today announced that it has filed a
preliminary prospectus relating to an offering of debentures due
2010 with the securities regulatory authorities in each of the
provinces of Canada. The debentures have been assigned a
provisional rating of BBB plus by CBRS Inc. and BBB by Dominion
Bond Rating Service Limited.
The proposed offering of debentures will be underwritten by a
syndicate of investment dealers led by RBC Dominion Securities
Inc., and including BMO Nesbitt Burns Inc., National Bank
Financial Inc. and Scotia Capital Inc. Subject to receipt of
applicable regulatory approvals, the proposed offering is expected
to be priced and closed in September 2000.
SNC-Lavalin Group is one of the leading engineering and
construction firms in the world, and a key player in the ownership
and management of infrastructure. The group and its companies
have offices across Canada and in 30 other countries, and are
currently working in some 100 countries. The company is listed on
the Toronto Stock Exchange (symbol: SNC).
The securities offered have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent registration or an applicable
exemption from the registration requirements. This press release
shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any
State in which such offer, solicitation or sale would be unlawful.
Not for distribution to U.S. news wire services or dissemination
in the United States. |
